In the world of finance, the term cleantech, which is actually short for clean technology, is used to refer to all kinds of companies and technologies that are in the business of improving environmental sustainability. As we know, the environment is on the verge of collapse. Climate change is something that has impacted our planet in a substantial manner. The environment is suffering because of the greed of human beings. Every single, educated man and woman must strive to leave less of a carbon footprint and use green products that are biodegradable. You should also try to reduce the use of fossil fuels that release harmful gases into the atmosphere. The air quality in a lot of countries are actually worsening day by day.
The usage of cleantech, has actually varied over the years, with a lot of users treating it in a synonymous manner with terms as ‘green technology’, to refer all kinds of renewable resources and some new methods of recycling and some environmentally friendly practices as well.
In most of the cases, the term actually refers to methods of reducing any kind of negative environmental impact because of conventional technologies like coal power and natural gas as well. You can even include any machine or practice that releases harmful gases into the atmosphere. In this context, clean energy is commonly used by environmentalists and people who actually care about the environment.
As you know, electric cars are becoming the norm nowadays; in the year 2021, a lot of electric cars will be introduced. Most of the electric cars are giving amazing mileage as well. If we are talking about the products of Tesla motors, their cars give us a mileage of 650 to 700 miles on a single charge.
Cleantech is basically a blanket term which is used to refer a huge variety of environmentally friendly technologies and practices. We can include solar cells as well. Anybody who is making use of solar energy is definitely helping the environment. Investments in cleantech have definitely increased substantially because the term was initially popularised in the late 1990s. Today, clean tech jobs are some of the fastest-growing in the United States of America. A lot of people are joining these companies because of the fact that they are going to be a huge part in the future. Fossil fuels are definitely going to run out, and we need something else to fall back on. Clean, renewable energy is something that we can depend on any day.
All kinds of investors who are interested in environmentally friendly companies and any environmental-friendly technologies have a vast range of options to invest in, because of the sheer number of cleantech companies.